1,846 Alphabet Inc. $GOOGL Shares Sold by NovaPoint Capital LLC

NovaPoint Capital LLC lessened its holdings in shares of Alphabet Inc. (NASDAQ:GOOGL) by 12.5% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 12,959 shares of the information services provider’s stock after selling 1,846 shares during the quarter. NovaPoint Capital LLC’s holdings in Alphabet were worth $4,459,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of GOOGL. EMC Capital Management purchased a new stake in shares of Alphabet during the 2nd quarter valued at approximately $35,000. Core Capital Management & Research inc. purchased a new position in Alphabet in the 2nd quarter valued at approximately $41,000. Intelligent Financial Strategies purchased a new position in Alphabet in the 3rd quarter valued at approximately $41,000. Premier Financial Group purchased a new position in Alphabet in the 2nd quarter valued at approximately $45,000. Finally, Graney & King LLC raised its holdings in Alphabet by 38.5% during the 2nd quarter. Graney & King LLC now owns 180 shares of the information services provider’s stock valued at $64,000 after acquiring an additional 50 shares during the period. Hedge funds and other institutional investors own 40.03% of the company’s stock.

Insiders Place Their Bets

In other Alphabet news, Director Frances Arnold sold 83 shares of Alphabet stock in a transaction that occurred on Wednesday, September 30th. The shares were sold at an average price of $340.45, for a total transaction of $28,257.35. Following the completion of the sale, the director directly owned 19,076 shares in the company, valued at $6,494,424.20. The trade was a 0.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 11.61% of the stock is owned by corporate insiders.

Alphabet Stock Performance

Shares of GOOGL opened at $283.82 on Friday. The company has a market cap of $3.47 trillion, a PE ratio of 14.81, a price-to-earnings-growth ratio of 0.94 and a beta of 1.21. The company has a current ratio of 2.72, a quick ratio of 2.64 and a debt-to-equity ratio of 0.16. The stock has a 50-day moving average price of $340.29 and a 200-day moving average price of $340.43. Alphabet Inc. has a 12-month low of $270.70 and a 12-month high of $408.61.

Alphabet (NASDAQ:GOOGL) last issued its quarterly earnings data on Wednesday, October 28th. The information services provider reported $2.12 EPS for the quarter, missing the consensus estimate of $3.02 by ($0.90). The business had revenue of $127.58 billion for the quarter, compared to analysts’ expectations of $127.96 billion. Alphabet had a return on equity of 46.63% and a net margin of 50.03%. As a group, equities analysts forecast that Alphabet Inc. will post 20.60 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the company. Susquehanna dropped their target price on Alphabet from $460.00 to $400.00 and set a “positive” rating on the stock in a research report on Thursday. UBS Group set a $332.00 price objective on Alphabet and gave the company a “neutral” rating in a research note on Thursday. Weiss Ratings restated a “buy (b)” rating on shares of Alphabet in a research note on Thursday, October 15th. JPMorgan Chase & Co. lifted their target price on Alphabet from $420.00 to $425.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. Finally, DA Davidson reduced their target price on Alphabet from $350.00 to $300.00 and set a “neutral” rating for the company in a report on Thursday. Five analysts have rated the stock with a Strong Buy rating, forty-six have assigned a Buy rating and five have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Alphabet currently has an average rating of “Buy” and an average price target of $412.82.

Alphabet News Roundup

Here are the key news stories impacting Alphabet this week:

• Positive Sentiment: Google Cloud delivered exceptional growth. Cloud revenue more than doubled year over year to approximately $30.7 billion, while its backlog reached $561 billion. The results indicate strong demand for Alphabet’s AI infrastructure and cloud services. Alphabet’s Cloud Business Just Doubled
• Positive Sentiment: Alphabet’s AI ecosystem is gaining commercial traction. OpenAI reportedly plans to use Google’s custom TPU chips, and search query growth reached its strongest year-over-year pace in five years. These developments could support longer-term cloud, chip and AI revenue opportunities.
• Positive Sentiment: Some analysts remain constructive despite reducing targets. Guggenheim and Needham reaffirmed “buy” ratings, while RBC, Wedbush, KeyCorp, Susquehanna and Truist retained positive or outperform-equivalent ratings.
• Neutral Sentiment: Analyst expectations were reset lower. Multiple firms cut price targets, including RBC to $400, Wedbush to $387 and DA Davidson to $300, although most remained positive or neutral rather than bearish.
• Neutral Sentiment: Alphabet faces several securities class-action notices concerning alleged disclosures about the development of its Gemini AI models. The lawsuits and lead-plaintiff deadlines add reputational and legal uncertainty, but their immediate financial impact is unclear.
• Negative Sentiment: Alphabet missed Wall Street’s quarterly expectations. Adjusted earnings were $2.12 per share versus roughly $3.02 expected, while revenue of $127.6 billion was slightly below forecasts. Search and other revenue grew 12% but missed estimates for a second consecutive quarter, and YouTube advertising revenue also fell short.
• Negative Sentiment: AI spending is pressuring cash generation. Alphabet reported approximately $9.1 billion of negative free cash flow as capital expenditures for data centers and AI capacity exceeded operating cash flow. Investors are questioning whether the spending will generate adequate returns and whether it could constrain buybacks or dividends. Alphabet earnings miss reflects first real sign that AI is taking a bite out of search
• Negative Sentiment: AI-powered search appears less profitable than traditional search, raising concerns that AI could disrupt Alphabet’s core advertising engine even as it increases user engagement.
• Negative Sentiment: An unrealized loss on Alphabet’s SpaceX investment and an EU antitrust fine further reduced reported earnings, amplifying the quarter’s bottom-line miss.

Alphabet Profile

Alphabet Inc is a technology holding company best known for its Google subsidiary. Google operates a global internet-services business centered on online search, digital advertising, YouTube, Android, Chrome, Google Maps, Google Play, and a broad range of cloud-based productivity and collaboration tools.

Google Cloud provides infrastructure, data analytics, cybersecurity, artificial intelligence, and enterprise software services to businesses, governments, and other organizations. Alphabet also develops consumer hardware, including Pixel devices and products for connected homes, while investing in emerging businesses through its “Other Bets” segment, including autonomous transportation and life sciences initiatives.

Alphabet was established in 2015 as part of a corporate restructuring that made Google a subsidiary and provided a separate structure for its expanding portfolio of businesses.